Mortgage Rates Update > 11/04/13

Mortgage Rates begin the week holding steady after an up and down ride last week. There were no significant events or headlines to move financial markets and the Mortgage-Backed Securities had a relatively calm day. More Factory Order data is due out on Tuesday which could have an effect on rates moving forward.

The average 30-year fixed rate starts the week where it ended last week, at the 4.25% range. The same is true for the average 15-year fixed rate which held steady at 3.32%. The average 30-year FHA closed the day at the 3.89% range, while the average 5/1 year ARM increased slightly to the 3.22% range.